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Board Announcements (Altcoins)
Re: [ANN] NYXCOIN POW Masternode Complex Coin Project
by
BobFox
on 15/02/2018, 22:39:28 UTC
Quote from: sikboy on February 15, 2018, 07:08:51 AM
Quote from: BobFox on February 15, 2018, 06:37:33 AM
I have a question. The NYXCOIN website says that masternodes can currently make $485 per day because of the current MN stake rewards and the current price of NYXCOIN. My question is, are you really able to sell $485 worth of NYXCOINs on South Exchange (that's the only exchange they're on right now). If not, then those numbers are somewhat misleading. I don't care if you receive 10,000 coins per day. If you can't sell those 10,000 coins each day then it doesn't matter what the price per coin is, you're not going to make any money, which means no passive income.

yes you can get close to that number, but im holding all my coins not selling them. you will find most masternodes like i have, we keep the coins long term.

Interesting. Aren't you afraid the price will drop considerably and you'll lose out on some Biycoins you could have traded NYXCOIN for? Also, how are you making passive income if you just hodl and don't sell any of the coin rewards you've staked? I would definitely sell a certain amount each month in order to make passive income. So, you're saying people are buying enough coins on the exchange (using their Bitcoin) in order for you to make $485/day if you traded some NYXCOINs for Bitcoin every day?
Post
Topic
Board Announcements (Altcoins)
Re: [ANN] NYXCOIN POW Masternode Complex Coin Project
by
BobFox
on 15/02/2018, 06:37:33 UTC
I have a question. The NYXCOIN website says that masternodes can currently make $485 per day because of the current MN stake rewards and the current price of NYXCOIN. My question is, are you really able to sell $485 worth of NYXCOINs on South Exchange (that's the only exchange they're on right now). If not, then those numbers are somewhat misleading. I don't care if you receive 10,000 coins per day. If you can't sell those 10,000 coins each day then it doesn't matter what the price per coin is, you're not going to make any money, which means no passive income.